Key takeaways from Biden and McCarthy's debt ceiling deal
1 year, 6 months ago

Key takeaways from Biden and McCarthy's debt ceiling deal

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There’s a nervous air in the United States as the deadline to increase the debt ceiling approaches. On Saturday, they reached a crucial agreement to raise the government’s debt ceiling, avoiding a disastrous default. AFP Unspent COVID money The deal would also take back some funding that Congress allocated for the coronavirus pandemic but did not spend. A statement from McCarthy’s office said the deal would rescind “billions in unspent COVID funds” but offered no further specificity.

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